South Korean Q3 GDP comes in well under estimates: +0.1% q/q (vs. +0.5% expected)

This data comes from the Bank of Korea, SK’s central bank.

Q3 GDP

• +0.1% q/q (expected +0.5%, prior -0.2%)
• +1.5% y/y (expected +2.0%, prior +2.3%), slowest since Q3 2023

Q3:

• private consumption +0.5% q/q
• construction investment -2.8% q/q
• facility investment +6.9% q/q
• exports -0.4% q/q
• imports +1.5% q/q

This article was written by Eamonn Sheridan at www.forexlive.com. Source